Ogilvie Group has moved lender from Royal Bank of Scotland to Barclays Corporate.

The Stirling construction firm already used asset finance from the bank for its vehicle fleet business.

Now it has switched all funding requirements to Barclays and increased its borrowing facilities in the process.

Duncan Ogilvie, chief executive, said: "We are delighted to be moving to Barclays who we feel have the same business ethos as Ogilvie Group of building long term partnerships in business.

"This new facility will allow us to further consolidate our position in the various markets in which the group operates."

Andy Hall led the deal for Barclays Corporate working alongside John Watson and Steven Lloyd.

Hall, head of business development in Scotland, said: "What's clear to us is that while there is still some shake up ahead among housebuilders in Scotland, the long term demand fundamentals are strong.

"Duncan Ogilvie and his team have managed market risks really well through the cycle and while we are sure they will continue to expand cautiously.

"It seemed to us that providing more capacity to help Ogilvie play its part in sector recovery was a decision justified by their track record and strong balance sheet."